1601 MINERAL SPRING RD, Reading, PA 19602
1601 MINERAL SPRING RD, Reading, PA 19602
1601 MINERAL SPRING RD, Reading, PA 19602
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by John Gantkowski • Iron Valley Real Estate of Berks
$575,000
Est. payment /mo
5,227 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PABK2070498

Year Built 1910

Annual Tax Amount $2,770

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Six unit investment opportunity in the Hessian Camp section of Reading delivering strong cash flow and long term upside. The property consists of six two bedroom one bath units with multiple updates already completed, offering a stabilized asset with additional value add potential.

This offering includes 1601 Mineral Spring Road, 1603 Mineral Spring Road, and 1601 Rear Mineral Spring, which functions as a dedicated off street parking lot with space for approximately twelve vehicles. Ample parking is a key advantage that supports tenant retention and enhances overall asset value.

Tenants are responsible for heat, electric, and hot water, helping minimize operating expenses. Owner expenses are limited to water, sewer, and trash. The property features a newer roof, updated mechanical systems, and efficient gas furnaces, contributing to lower maintenance costs and reliable performance.

Located in a high demand rental area, this is a turnkey investment with immediate income and future upside. Be sure all parcel IDs are included in any agreement of sale. Opportunities like this are limited, especially with built in parking and strong return potential. This is a strategic addition to any investment portfolio.

Location

State PA

County Berks

Area Reading City (10201)

Zoning RESIDENTIAL

Interior

Hot Water Electric

Heating Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 12.0

Water Access N

Accessibility None

Total Parking Spaces 12

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 16-5316-06-39-9058

Ownership Fee Simple

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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1601 MINERAL SPRING RD

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